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england decide what to do with interest rates. the current uk base rate 5.25%. but after we found out that wages, on average, are rising at their fastest level now in 20 years, could we see another rise in september. joining me now is kallum pickering, who s the senior economist at berenberg bank. with your predictions, what are you thinking you will see here today? i you thinking you will see here toda ? ~ , today? i think we might be surprised today? i think we might be surprised a today? i think we might be surprised a little today? i think we might be surprised a little to - today? i think we might be surprised a little to the - surprised a little to the upside but it not should not make much of a difference, the bank of england expecting 6.8, markets expecting 6.7, if it came at 6.9 i would not be surprised because petrol prices rose over the month but it should be a big versus last month because the energy price comes down in the monthjuly. this should be ....
And teachers? do these pump impact this as well? and teachers? do these pump impact this as well? i think we -a a impact this as well? i think we pay a little impact this as well? i think we pay a little much impact this as well? i think we pay a little much to impact this as well? i think we pay a little much to attention l pay a little much to attention to this wage risk, we think about wage risk when patient expectations are very high and they are not stopping it is not as if consumers and businesses expected to rise higher as far as the eye can see. inflation expectations are quite under control, the evidence is suggesting wages are high now because they want compensation for past income losses not because they expect prices to surge in the future. when we look at the sector as inflation normalises wages with a lag would normalise as well, we would normalise as well, we would not panic that the logic does not suggest we should panic. does not suggest we should anic. ., . ~ d ....
We take a walk down london s world famous saville row to find out why expensive suits are back in fashion. hello, i m marc ashdown, here with your top business stories. let s start here in the uk, because injust over an hour we ll get the latest inflation figures forjuly. the bank of england is trying to keep consumer prices under control by raising interest rates, but it s a difficult balance as the cost of living has been increasing sharply over the last few years. so what can we expect? economists polled by reuters think the annual inflation rate could fall to 6.7%. that would be a sharp drop from 7.9% injune. it s all part of the economic landscape and helps the bank of ....
Demand change, i m sure, as pent up demand is change, i m sure, as pent up demand is declining at nonetheless people are slow to buy something really special. it s buy something really special. it s a buy something really special. it s a similar story further down the road. down the road. millibit pre-pandemic - down the road. millibit pre-pandemic figures l down the road. millibit i pre-pandemic figures have to pre pandemic figures have to think with open arms and say, yes, it s very much back there and improved pre pandemic which i have to say is rather heartening. i have to say is rather heartening. i have to say is rather heartenin.. , , , , .,, heartening. despite this, last earthe heartening. despite this, last year the uk s heartening. despite this, last year the uk s national - heartening. despite this, last| year the uk s national agency removed men s suits from the basket used to calculate inflation. but fear not, they have been replaced with the formaljacket have bee ....
Attempt to tackle the climate crisis has ruffled feathers, as it includes protectionist measures that might hurt europe s green industry. 0ur correspondent michelle fleury has more. the name inflation reduction act is confusing since most experts agree that has done little to lower inflationary pressures. why is it called that? let us say it but the politics of the day. when it was signed into law a year ago today prices were rising at the fastest pace a0 years. if it does not bring down inflation then what exactly does it do? according to president biden who is on ace three state tour this week it is helping to combat climate change, create jobs and lower people s healthcare bills.- jobs and lower people s healthcare bills. since i took office the healthcare bills. since i took office the private healthcare bills. since i took office the private sector - healthcare bills. since i took office the private sector has| office the private sector has announced more than $3 billion in in ....